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Macro Foundations Part 3 of 3 · Measuring GDP via Sources & Uses

YouTubeMacro Economics with Michael.

Macro Foundations Part 3 of 3 · Measuring GDP via Sources & Uses

Part 3 of our 3-part English masterclass on macroeconomic foundations. The operational tool for measuring GDP — the Sources and Uses report. Four categories of uses (C, G, I, X), the housing exception, the gross-versus-net investment distinction, the fundamental accounting identity (Y + M = C + G + I + X), and how to derive the trade balance ...

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